https://www.taxtmi.com/caselaws?id=796106 Prior-period expenditure is allowable where the liability crystallises during the relevant year. Special leave petitions challenging the application of this principle were dismissed because the issue was no longer open to debate, following earlier decisions concerning the same question. Special leave petitions against penalty imposed for concealment in relation to additions later deleted were also dismissed, as the penalty proceedings were consequential to the underlying additions. en-us Mon, 27 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796106 Prior-period expenditure is allowable where the liability crystallises during the relevant year. Special leave petitions challenging the application of this principle were dismissed because the issue was no longer open to debate, following earlier decisions concerning the same question. Special leave petitions against penalty imposed for concealment in relation to additions later deleted were also dismissed, as the penalty proceedings were consequential to the underlying additions. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796106